Yamana Gold begins production at Mexico mine

Yamana Gold said it has started production at its Mercedes mine in Mexico and it expects to start commercial production in the second quarter of 2012. The Toronto-based company, which owns projects in Chile, Argentina, Brazil and Mexico, said it...

Yamana lifts dividend on 62% Q3 adjusted earnings increase

Canada’s Yamana Gold said on Wednesday it raised its quarterly dividend to $0.05 a share, a 67% increase over the last 12 months. The company also reported a 17% drop in net earnings for the third quarter to $ 115-million, mainly as a result of...

Gold M&A 'wave' ahead as loaded majors eye cheap juniors: analyst

There could be a wave of mergers and acquisitions in the gold mining sector as cash-flush producers seek to snap up juniors that the market has cut a swathe through, Dahlman Rose analyst Adam Graf said on Friday. Despite the uncertainty in the...

Xstrata, Goldcorp and Yamana announce Agua Rica pact

Toronto-based Yamana has signed an agreement with Xstrata Copper and Goldcorp that would facilitate the ultimate integration of its Agua Rica project in Argentina into Minera Alumbrera. Minera Alumbrera is a joint venture between Xstrata Copper,...

Protests at Yamana project worry Argentine officials

Violent protests last week at Yamana Gold's Agua Rica project, in Andalgalá, Argentina, have sparked national debate on the issue and provincial government officials are reportedly concerned that events may spark anti-mining protests elsewhere in...

Yamana profit falls

Canada's Yamana Gold reported second-quarter net earnings of $9,6-million on Tuesday, compared with $42,1-million a year earlier. However, after stripping out once-off items, including a $28,5-million foreign-exchange loss and $34-million...

Yamana's Gualcamayo mine nears commercial production

Operations continue to ramp up at Yamana Gold's Gualcamayo operation, in the San Juan province of Argentina, and the mine is expected to achieve commercial production “within a short period of time”, Yamana country manager for Argentina...

Yamana Q1 earnings up 33%

Toronto-based gold producer Yamana on Tuesday increased first-quarter net earnings to $86-million, 33% higher than a year earlier. The company produced 271 482 gold-equivalent ounces (GEO, which includes gold and silver), an increase of 14%...

RBC predicts $750-$1 000/oz, 'significant volatility' for gold in '09

Gold prices will likely remain firm during the first three months of this year, held up by seasonal demand for physical gold and continued demand by investors looking for a safehaven, but could lose some ground in the middle of the year, analysts...

Yamana now to raise C$135m in share sale

Canadian gold-miner Yamana Gold plans to raise C$135-million in a bought-deal financing, to fund ongoing operating and working capital requirements, as well as potential debt reduction, the firm announced on Wednesday.

Yamana Gold profit jumps

Canadian gold-miner Yamana Gold reported a 401% increase in third-quarter net earnings, to $150,2-million, compared with $29,95-million a year earlier, after gold and copper production rose. Yamana, which bought rival Meridian Gold and the...

Yamana profit falls 20% to $42,1m on foreign exchange loss

Canadian gold-miner Yamana Gold reported net income of $42,1-million, compared with $57,8-million a year earlier, after higher costs and foreign exchange losses related to the strengthening of the Brazilian real against the US dollar, as well as...